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Tag Archives: Piraeus

Greece reduces stake of Piraeus Port Authority up for sale

Piraeus is Greece's largest and busiest container port

The Greek government has revised down the stake for sale in Piraeus Port Authority from 67.7% to 51% according to industry sources. A new tender offer was scheduled to be sent to shortlisted bidders by the middle of this week. The management of ferry services will not be included in the offer, said Bloomberg sources. Although the privatisation has not ... Read More »

Piraeus Port Authority’s privatisation inches closer

The Piraeus Port Authority looks set to be finally sold off

The ongoing saga regarding the privatisation of Piraeus Port Authority appears to be almost over, with Greek officials offering a €500m (US$545m) valuation of the port to creditors according to The Wall Street Journal. Greece’s deputy prime minister, Yanis Dragasakis, also told China’s official state news service Xinhua that the government will sell its majority share in the port. Dragasakis ... Read More »

UPDATE: New Greek government halts Piraeus port sale to China’s Cosco Group

The Piraeus Port Authority looks set to be finally sold off

Greece’s newly elected government, a coalition formed by the left-wing Syriza and the right-wing Independent Greeks party, has begun its programme of anti-austerity measures by halting the privatisation of the country’s biggest port, Piraeus. However, within days of the announcement, speculation abounded over whether the Greek stance would soften, with Chinese commerce ministry spokesperson, Shen Danyang saying: “We plan to ask ... Read More »

COSCO Piraeus orders a further nine Kalmar E-RTGs

The cranes will help the port meet its twin goals

Piraeus Container Terminal (PCT) in Greece has signed a repeat order with Kalmar for nine all-electric rubber-tyred gantry cranes (RTGs).  The cranes, four of which are the world’s widest, will help the port meet its twin goals of increasing both capacity and savings. Delivery is scheduled for 2015. This order further consolidates the partnership between the manufacturer and the terminal.  ... Read More »